#27 New Orleans Hornets

Value: $340 million
Profit: $3.3 million

Tom Benson, who has owned the NFL's New Orleans Saints since 1985, bought the Hornets from the NBA in April, 2012 for $340 million. Benson also extended the team's lease at the New Orleans Arena through the 2024 season. As part of that agreement, the state of Louisiana, which owns the arena, will provide $50 million of upgrades for such things as additional premium seating that will generate more revenue for Benson. The new lease eliminates all exit options for the team and the current attendance benchmarks. In addition, the lease reduces the state's financial obligations to the team. The previous agreement required the Louisiana Stadium and Exposition District to pay up to $7.9 million annually to the Hornets. That obligation will drop to $2.8 million annually, with the money used in ways that could generate revenue for the district.